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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement

You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

ACCESSIBLE ±19.81 ACRE ASSEMBLAGE IN RAPIDLY DEVELOPING APEX COMMUNITY | RALEIGH MSA

Investment Highlights

  • Jones Lang LaSalle., a North Carolina licensed real estate
  • broker (“JLL”), has been retained as the exclusive sales
  • representative for the Chapel Ridge assemblage, a ±19.81 acre
  • residential development opportunity at the rapidly developing
  • intersection of I-540 and U.S. 64. The site is ideally located
  • and less than 15 minutes away from Research Triangle Park
  • (50,000+ employees) and 20 minutes away from downtown
  • Raleigh (50,000+ employees). The site benefits from numerous
  • adjacent community amenities - notably, Beaver Creek
  • Shopping Center, which houses several major national retailers
  • such as: Super Target, Lowes, TJ Maxx, and DICK’s Sporting
  • Goods. Hempstead at Beaver Creek, a recent 193-townhome
  • project located adjacent to the site, has sold out with sales
  • in the mid $300s. The town has indicated that a multifamily
  • use may be considered for this site due to the proximity to the
  • Beaver Creek commercial corridor.
Last Updated Date: 19 Aug 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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Last Updated Date: 19 Aug 2020